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Welcome to the Trade Contract Analysis Tool (“CONTRACTIQ”) and Trade Compliance Checker Tool (“COMPLICHECK AI”) collectively referred to as the “Tools”, services provided by IFS Capital Limited (“Company”, “we”, “us” or “our”). By using either of these Tools, you (“User”) agree to these Terms of Use and Privacy Notice. If you do not agree, please discontinue use of the Tools.
1. Purpose of the Tools
The Tools assist businesses in reviewing trade contracts, trade documents and invoices for trade-related analysis and compliance with international trade regulations by leveraging AI-powered analysis through ChatGPT, a service provided by OpenAI.
2. Information We Collect
Personal Information: Name, email address, and any other details you provide.
Trade Data: Documents and information related to trade contracts and trade compliance, such as invoices, HS Codes, and descriptions of goods.
Usage Data: Information about your interactions with the Tools, such as IP addresses and browsing activity.
3. How We Use Your Information
Your information is used for the following purposes:
To process trade compliance checks by analyzing the provided data using ChatGPT (OpenAI).
To improve the functionality and accuracy of the Tools.
To communicate with you regarding updates, queries, or support.
4. Data Sharing with OpenAI
By using these Tools, you acknowledge and consent that documents and information you upload may be shared with ChatGPT (OpenAI) for analysis and processing.
OpenAI’s data usage policies govern the handling of data shared during analysis. While OpenAI is committed to protecting user privacy, you are encouraged to review their privacy practices for further details.
5. User Responsibilities
You are solely responsible for ensuring the accuracy of the information and documents submitted.
You must not upload any illegal, sensitive, or confidential data without proper authorization.
6. Disclaimer of Liability
The Tools provide informational outputs and recommendations based on AI analysis. These outputs do not constitute legal advice.
The Company is not liable for any direct, indirect, or consequential damages arising from the use of the Tools or its reliance on ChatGPT’s analysis.
7. Data Security
We implement industry-standard measures to protect your data during transmission and storage. However, no system is completely secure, and we cannot guarantee absolute security, especially for data processed by third-party services like OpenAI.
8. Retention of Data
Data is retained only as long as necessary to fulfill the purposes outlined in this policy or as required by law.
9. Your Rights
Depending on your jurisdiction, you may have the right to: access, correct, or delete your data. Object to data processing. Request data portability. To exercise these rights, please contact us at info@ifscapital.com.sg.
10. Modifications to Terms and Privacy Policy
We reserve the right to update these terms at any time. Changes will be effective immediately upon posting. Continued use of the Tools constitutes acceptance of the revised terms.
11. Governing Law
These Terms and Conditions & Privacy Policy are governed by the laws of Singapore. Disputes will be resolved exclusively in the courts of Singapore.
12. Contact Us
For questions or concerns about this document, please contact us at info@ifscapital.com.sg or call us at +65 8087 6595.
Acknowledgment
By using the Trade Contract Analysis Tool (CONTRACTIQ) and Trade Compliance Checker Tool (COMPLICHECK AI), you acknowledge that you have read, understood, and agreed to these Terms of Use and Privacy Notice, including the sharing of uploaded documents with ChatGPT (OpenAI) for analysis.
